Magnus Heimburg, Chief Financial Officer, and a member of the Executive
Management team, is leaving Preem for a position as CFO of Perstorp,
based in Malmö. He will leave Preem on December 1, 2014. The search for
finding his successor has been initiated.

"I want to express my sincere gratitude for Magnus Heimburg’s
contributions to Preem and wish him the best of luck in his new
position", says Preem’s President and CEO, Petter Holland.